58-24-160. Licensing of agents.
(a) Agents of societies shall be licensed in accordance with the provisions of the general insurance laws regulating the licensing, revocation, suspension or termination of license of resident and nonresident agents; provided that agents licensed pursuant to former G.S. 58-268 as of July 1, 1977, shall be exempt from examination.
(b) No examination or license shall be required of any regular salaried officer, employee or member of a licensed society who devotes substantially all of his or her services to activities other than the solicitation of fraternal insurance contracts from the public, and who receives for the solicitation of such contracts no commission or other compensation directly dependent upon the amount of business obtained. (1987, c. 483, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 24 - Fraternal Benefit Societies.
§ 58-24-1 - Fraternal benefit societies.
§ 58-24-10 - Representative form of government.
§ 58-24-20 - Purposes and powers.
§ 58-24-25 - Qualifications for membership.
§ 58-24-30 - Location of office, meetings, communications to members, grievance procedures.
§ 58-24-35 - No personal liability.
§ 58-24-50 - Amendments to laws.
§ 58-24-65 - Consolidations and mergers.
§ 58-24-70 - Conversion of fraternal benefit society into mutual life insurance company.
§ 58-24-85 - Benefits not attachable.
§ 58-24-90 - The benefit contract.
§ 58-24-95 - Nonforfeiture benefits, cash surrender values, certificate loans and other options.
§ 58-24-130 - Perpetual license.
§ 58-24-135 - Examination of societies; no adverse publications.
§ 58-24-140 - Foreign or alien society Admission.
§ 58-24-145 - Injunction - Liquidation - Receivership of domestic society.
§ 58-24-150 - Suspension, revocation or refusal of license of foreign or alien society.
§ 58-24-160 - Licensing of agents.
§ 58-24-165 - Unfair methods of competition and unfair and deceptive acts and practices.
§ 58-24-170 - Service of process.
§ 58-24-185 - Exemption of certain societies, orders, and associations.